Procurement Analyst
A procurement Analyst is a professional responsible for sourcing, evaluating, and purchasing the goods, services, and materials an organization needs to operate while managing supplier relationships and controlling costs
Quiz Questions
Q298: A tender requires a bid security of 2.5% of the estimated value of 800,000. What is the amount of the security?
320,000
20,000
22,000
25,400
28,800
Q299: What does Target price mean in procurement?
Purchasing outside agreed procedures or contracts
A statement that the written contract replaces earlier discussions and agreements
Following applicable laws, regulations, and policies
The reference price against which savings are measured
The price a buyer aims to achieve in negotiation, based on analysis
Q300: A tender requires a bid security of 1% of the estimated value of 275,000. What is the amount of the security?
3,025
3,492.50
2,750
3,960
4,427.50
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